Businesses want employees who are hard-working, passionate and stick around in the long-term. Employees want to work for businesses that care about their well-being and provide them the means necessary to do their job to the fullest.
Sounds simple enough, right? Let’s not get ahead of ourselves. Employment agencies have been seeing more and more requests for assistance these past few years and that’s due in no small part to the staggering amount of employee turnover lately. More people are up and leaving their jobs, causing businesses to lose money and workers to become more disgruntled with picking up the slack. If you’ve been butting your head against a similar wall, it may just be time to reach out to employment opportunities. Staffing agencies are filled with resources you can use to help workers not just get the job, but keep the job.
Here are five things you should know about employment agencies.
Put A Dent In Employee Turnover
Employee turnover can be a death knell for any business, no matter the size. It’s thought as much as $11 billion is lost every year due to employees leaving their business prematurely. Where does this money go? A significant portion is put into outreach programs, training hours and buying new equipment. It’s thought as many as 20% of new hires will leave their jobs within 45 days of being hired, which aren’t good odds no matter what kind of money you’re trying to rake in within a month. There are ways, however, to create a better rate of employee retention.
Encourage Better Employee Retention
The opposite of employee turnover is employee retention. If you want your brand to succeed you need to not just hire a qualified applicant, but help them remain for the long-term. Employees that stick around for years actually save you money due to reduced outreach costs, training efforts and failed initiatives. Over 60% of organizations actively view employee retention as a problem, one they’re attempting to fix as quickly as possible so they can get back to making as much money as possible. Job placement agencies are a great way of killing two birds with one stone.
Create A Happier Workforce With Employment Agencies
What else can a happier workforce do for you? How about leaving a better impact on your customer base and saving you money? Over 45% of human resources say retention is their greatest problem, but some are still at a loss on how to combat these figures. New hires that undergo a more structured on-boarding program (ranging from training to just helping them meet new employees) are up to 60% more likely to be with the company for more than three years. What other methods can you use to invest in a happier workforce? Employee recognition programs are also a great tool to bring out people’s best.
Invest In Diverse Hiring Initiatives
Finding more diverse applicants is one of the best ways of ensuring your company remains relevant for years to come. McKinsey’s research has only been cementing the inherent value in diverse perspectives, with some figures being downright staggering in their difference. Gender-diverse companies are up to 15% more likely to outperform their peers, while ethnically-diverse companies are nearly 35% more likely to do the same. Instead of looking at the same websites or same pool of applicants try going down less-wandered paths. You may be impressed with what you find.
Reach Out To Employment Agencies
A recruiting agency can fill you in on all these gaps and then some. It’s important to remember they are not designed to simply hand you qualified applicants straight off the bat, but rather, will provide you with the strategies necessary to net winners time and time again. The costs of employee turnover these days range from 30% of an employee’s salary to over 150%. This is nothing to say of all the wasted effort and time that goes into fruitless searches over and over again. Save yourself the trouble and talk with a staffing agency.